Having run my linear regression analysis that contains two independent variables and one dependent variable, the Standardized Beta Coefficient returned for both independent variables is .803 and .347 respectively.
Is is correct to assume that in terms of relative importance to the model, independent variable 1 (.803) has 2.31 times (803/.347) more importance than independent variable 2 (.347)?
Thanks
Related Posts with Standardized Beta Coefficient
How do I reference an estimate after lincom?Hi Everyone: I know there must be a simple solution to this but I haven't found it. I thought that u…
Calculating the mean of categories of a variable created using -egen, cut()-Can someone kindly explain how I can calculate the mean of each wealth category by race or other cha…
Transform data from wide to long but then lots of values/observations went missing.Hi everyone, I have a dataset with dimension of individuals, observations (e.g income, total broadc…
Dropping Observations and Creating Fertility VariableQuestion 1: I am using two fertlity variables- age at first intercourse (var name: age1stsex) and a…
Deleting files from folder based on sting conditionHello! I am seeking your help with the following task. Say, I have a folder called Files that conta…
Subscribe to:
Post Comments (Atom)
0 Response to Standardized Beta Coefficient
Post a Comment